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Dividend Policy a) Stock splits are said to be cosmetic events and yet investors react positively to stock split announcements. Explain why stock splits are
Dividend Policy
a) Stock splits are said to be cosmetic events and yet investors react positively to stock split announcements. Explain why stock splits are considered as cosmetic events and briefly discuss why the market reacts positively to such events.
Mergers and Acquisition
b) Briefly discuss one reasons why takeovers occur.
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